Finance ministers vow to move swiftly on recession
WASHINGTON - Finance officials from the world's top economic powers pledged yesterday to move swiftly on efforts to lift nations out of the worst recession since the 1930s. The major goal: Get banks in every country to start lending again.
The finance ministers did not put forward any sweeping proposals but stressed the need for individual countries to carry through on commitments.
Treasury Secretary Timothy Geithner and his counterparts from the world's top seven industrialized democracies, promised in a joint statement to provide the necessary fiscal tonic - tax cuts or increased government spending - to turn around their own troubled economies.